A cpa a sole practitioner has acquired a practice from a


Question - A CPA, a sole practitioner, has acquired a practice from a retiring CPA. The CPA plans to retain the professional staff, which includes 5 CPAs. The CPA is considering identifying the new firm as "John Smith, CPA and Associates."

Indicate how you would resolve the dilemma. Be specific and respond with logic and reason.

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Accounting Basics: A cpa a sole practitioner has acquired a practice from a
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